Issue of Equity & Options and Total Voting Rights

RNS Number : 9744P
Cloudbuy PLC
12 June 2015

ISSUE OF EQUITY and OPTIONS,

TOTAL VOTING RIGHTS

cloudBuy plc (AIM: CBUY), the global provider of cloud e-commerce marketplaces and B2B buyer and supplier solutions,, announces the following issues of new ordinary shares of 1p each in the Company ("Shares") and options over Shares:

2,172,520 Shares under the Company's Share Incentive Plan ("SIP"), including 37,500 Shares to each of Ronald Duncan, Executive Chairman, Lyn Duncan, CEO, Jonathan Holden, COO, and David Gibbon CFO, to be held by the SIP Trustees, issued to UK employees of the Company in respect of subscriptions calculated at 24p per Share;

Application will be made for the admission to trading on AIM ("Admission") of the 2,172,520 Shares detailed above, and Admission is expected to occur on 18 June 2015.  

Following Admission, the Company shall have 123,386,510 Ordinary Shares in issue, each with voting rights (which figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules).

In addition, options over Shares were granted yesterday as follows:    

7,762,620 options to employees under the Company's Option Schemes, at 24p per share (with the exception for Australia noted below) including the following:

401,042 options to Ronald Duncan. These options which are exercisable at 24p per Share, vest monthly between the 1st and 4th anniversary of the date of grant (11 June 2015) and expire after 10 years.  Following this grant, Ronald Duncan holds 1,483,909 options over shares.

409,245 options to Lyn Duncan. These options which are exercisable at 24p per Share, vest monthly between the 1st and 4th anniversary of the date of grant (11 June 2015) and expire after 10 years.  Following this grant, Lyn Duncan holds 1,379,612 options over shares.

1,000,000 options to Jonathan Holden. These options which are exercisable at 24p per Share, vest monthly between the 1st and 4th anniversary of the date of grant (11 June 2015) and expire after 10 years.  Following this grant, Jonathan Holden holds 1,500,000 options over Shares.

1,041,667 options to David Gibbon. These options which are exercisable at 24p per Share, vest monthly between the 1st and 4th anniversary of the date of grant (11 June 2015) and expire after 10 years.  Following this grant, David Gibbon holds 1,041,667 options over Shares.

250,000 options to Tim Boucaut, General Manager Australasia and South East Asia. These are exercisable at 36p per share, a 50% premium to the market price on 11 June 2015. These options vest monthly between the 1st and 4th anniversary of the date of grant (11 June 2015) and expire after 10 years. 

For further information, please contact:

About cloudBuy PLC

cloudBuy, formerly @UK, is the world's leading transactional Cloud Platform.

cloudBuy has used the platform to build the world leading B2B ecommerce and eprocurement applications which address the full range of buying and selling activities, in an easy to use web and mobile experience.  Along with other cloud based applications including Content Management, email and big data analysis.

The applications have already managed over $ 500 billion of spend and are being used by leading organisations around the world to deliver savings and improved services.

The applications are unique in delivering correct pricing in the complex world of B2B whilst being easy enough to use that the people with difficulties can use the system to buy their own social and health care.

For more information, visit www.cloudbuy.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEUAUNRVRANAAR